Commodities in Focus Weekly: JSC “Kazan Oil Plant” v Aves Trade DMCC [2025] EWHC 2713 (Comm)
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Despite meeting the legal test, the Commercial Court refused to grant the applicant's anti-anti-arbitration injunction ("AAAI") for reasons including comity and delay.
Black Swan Petroleum DMCC ("BSP") had stored a cargo of crude oil onboard a vessel owned by Euronav Shipping NV ("Euronav") and anchored in a Malaysian port. Euronav subsequently surrendered possession of the cargo to the US Department of Justice on the basis that it was sanctioned under US law.
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1 [2024] EWHC 896 (Comm) (26 April 2024)
